California Now Eighth Most Risky Sovereign Debt in the World
As of Friday, June 11, California is now more at risk of default than Romania or Latvia.
Sovereign Risk Monitor
|Entity Name||Mid Spread||CPD (%)|
|Latvia, Republic of||368.73||22.21|
Chart: Credit Market Analysis, CMA
The CMA Sovereign Risk Monitor identifies and ranks the world’s most volatile sovereign debt issuers according to percentage changes in their 5 year CDS. CDS values are calculated by CMA’s market leading CDS price verification service, DataVision.